If you choose to make the minimum payment, or you pay less than the full outstanding balance, an interest charge will be applied to your account. This charge is calculated based on your statement's opening balance, any prior period interest due and any interest due on administration charges.

If you fail to make at least the minimum payment by the due date shown on your statement, you’ll incur an administration charge of £12.

If you only make the minimum payment each month, it will take you longer and cost you more to clear your balance.

The exact terms that will apply to your account, including your APR (Annual Percentage Rate), will be detailed in your credit agreement. Subject to a successful online application, you can print and/or download the document to keep for future reference. If you apply via telephone, you’ll receive the document by post.